The typical owner-occupied home in Wellington is worth about $67,200, 74% below the Illinois median of $263,300 and 80% below the national median of $332,700. Owners pay a median $521 a year in property taxes, about 0.78% of their home's value, lower than the Illinois rate of 2.01%. The median household earns $54,063 a year, so the median home costs 1.2 times the median income (3.2 times for Illinois). 92% of occupied homes here are lived in by their owners, and 49% of those owners still have a mortgage.
Wellington at a glance
| Wellington | Illinois | U.S. | |
|---|---|---|---|
| Median home value | $67,200 | $263,300 | $332,700 |
| Median property tax paid per year | $521 | $5,298 | $3,119 |
| Property tax as a share of value | 0.78% | 2.01% | 0.94% |
| Median household income | $54,063 | $83,390 | $80,734 |
| Homes lived in by their owners | 92% | 67% | 65% |
| Owner homes with a mortgage | 49% | 61% | 61% |
| Median monthly costs, owners with a mortgage | $743 | $1,987 | $1,963 |
| Those costs as a share of the owners' income | 14.4% | 20.6% | 21.0% |
| Median rent | – | $1,274 | $1,413 |
| Median year homes were built | 1961 | 1971 | 1980 |
| Vacant homes | 10.7% | 7.7% | 10.1% |
| Population | 165 | 12,694,798 | 334,922,499 |
What a typical home costs per month in Wellington
At this week's average 30-year rate of 7.11%, buying the median Wellington home of $67,200 with 20% down costs about $433 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $545, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $18,571 for the 20%-down payment. That payment is 10% of the median Wellington household income of $54,063; at that income and 20% down, the 28% guideline points to a home of about $196,000.
| Down payment | $13,440 |
|---|---|
| Loan amount | $53,760 |
| Principal and interest | $362 |
| Property taxes (0.78% a year) | $44 |
| Homeowners insurance (our estimate, 0.5% a year) | $28 |
| PMI | $0 |
| Total per month | $433 |
Change the numbers in the calculator
| Down payment | $2,352 |
|---|---|
| Loan amount | $65,983 |
| Principal and interest | $444 |
| Property taxes (0.78% a year) | $44 |
| Homeowners insurance (our estimate, 0.5% a year) | $28 |
| FHA mortgage insurance | $30 |
| Total per month | $545 |
Change the numbers in the calculator
Questions about home buying in Wellington
What is the median home value in Wellington?
About $67,200 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Wellington?
Homeowners pay a median $521 a year, which is about 0.78% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Wellington?
For the median home with 20% down at 7.11%, the payment is about $433 a month. Keeping that under 28% of gross income takes about $18,571 a year.
More about Wellington
- Mortgage Refinance in Wellington
- Debt Relief in Wellington
- Home Equity Loans in Wellington
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data